Bloomberg Law A Fifth Circuit panel reinstated a nationwide injunction blocking enforcement of the Corporate Transparency Act, three days after a different panel lifted it, causing turmoil in compliance offices. The CTA, enacted as an anti-money laundering measure, requires that US entities that existed before 2024 disclose the identities of Read more…
Bloomberg Law The opportunity zone program, which offers tax incentives for investing in designated low-income census tracts, is poised for a potential second life as Congress addresses the roughly $4.7 trillion in expiring tax cuts and other business incentives contained in the Tax Cuts and Jobs Act of 2017. If the Read more…
Bloomberg Law “A Papa John’s franchisee defeated a delivery driver suit over mileage reimbursement because the worker failed to allege his pay fell below Colorado’s minimum wage, a federal judge said. The driver argued that improper reimbursement for the costs of using a personal vehicle to deliver pizzas for HPG Read more…
Bloomberg Law “TikTok’s Chinese parent company faces a ban in the US next month as a result of a federal appeals court ruling Friday, ratcheting up a political clash over the wildly popular video-sharing app. A three-judge panel in Washington unanimously upheld a new US law, ruling that it didn’t violate free Read more…
Bloomberg Law ” Court finds defects in Live Nation’s batched proceedings Class action against Live Nation to proceed in open court A Ninth Circuit ruling that denied Live Nation Entertainment Inc.’s bid to compel “batched” arbitration underscores the risks that corporate defendants face when pushing to resolve consumer antitrust disputes outside of Read more…
Bloomberg Law “Target Corp. must face allegations it collected shoppers’ biometric data without their knowledge to thwart shoplifting in violation of a state privacy law, a federal judge said. Target customers filed a complaint against the retailer in May, accusing it of deploying facial recognition-enabled video surveillance systems in its stores that captured Read more…
Bloomberg Law “US Supreme Court justices showed an interest in returning to the SEC the job of refining companies’ risk disclosure requirements during oral argument Nov. 7 in a Meta Platforms Inc. securities fraud case. The justices repeatedly wondered what kind of guideline they could craft as they confronted a wide range Read more…
Bloomberg Law “Warner Bros. Discovery Inc. and its top executives prevailed again on appeal in a securities lawsuit, after a panel of Second Circuit judges ruled Friday that investors couldn’t show the entertainment giant misled them in disclosures before its merger took place. The offering documents for the tie-up between Read more…
Bloomberg Law “The US Department of Justice last month unveiled revisions to its Evaluation of Corporate Compliance Programs to account for, among other things, recent developments in companies’ use of artificial intelligence technologies. The revised text of the ECCP sets forth questions and considerations that the DOJ will raise in any criminal investigation Read more…
ABA Journal “Former New Jersey lawyers who are disbarred will in most cases be allowed to apply for reinstatement after five years, the New Jersey Supreme Court has decided. The New Jersey Supreme Court’s Oct. 15 order and determination reject the approach that it adopted in a 1979 case that Read more…